Bhopal gas anniversary rally sparks row over effigy; organisers booked

An effigy became a bone of contention at a rally staged on Wednesday to mark the 41st anniversary of the Bhopal gas tragedy with the Bharatiya Janata Party alleging it depicted an Rashtriya......

5 PSUs gave Rs 1.47 bn for Statue of Unity

ONGC, Hindustan Petroleum, Bharat Petroleum, Indian Oil and Oil India listed the spending as part of their mandatory CSR commitment, but CAG noted that the Sardar Patel statue did not qualify for......

Oil companies breathe easy as Saudi cuts LPG price

Saudi Arabia's steep cut in LPG benchmark prices has pushed India's household LPG underrecoveries to their lowest level in over two years, slashing oil companies' losses from Rs 200-250 per......

India to cut direct Russian crude imports from December

India is set to reduce its direct imports of Russian crude from late November, following new US sanctions on Rosneft and Lukoil, effective November 21. IMAGE: A well head and a drilling rig in an......

Govt likely to soon compensate oil firms for LPG losses

The government is likely to give a subsidy of Rs 30,000-35,000 crore to state-run oil companies - Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) - to......

BPCL may be merged with Indian Oil, OIL

The petroleum ministry has favoured an alternative plan for restructuring the state-owned oil companies in which Bharat Petroleum Corporation Ltd will be merged with Indian Oil Corporation and Oil......